Blue Chip Partners LLC grew its stake in Philip Morris International Inc. (NYSE:PM – Free Report) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,288 shares of the company’s stock after acquiring an additional 4,680 shares during the period. Philip Morris International accounts for 2.0% of Blue Chip Partners LLC’s holdings, making the stock its 20th biggest holding. Blue Chip Partners LLC’s holdings in Philip Morris International were worth $27,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth $26,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $28,000. Vermillion Wealth Management Inc. increased its position in Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Philip Morris International in the fourth quarter valued at $29,000. 78.63% of the stock is currently owned by institutional investors.
Philip Morris International Trading Down 0.1%
PM stock opened at $192.84 on Monday. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $199.78. The company has a market cap of $300.55 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.38. The stock has a 50-day moving average price of $182.79 and a two-hundred day moving average price of $175.57.
Philip Morris International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a $1.47 dividend. The ex-dividend date was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.0%. Philip Morris International’s dividend payout ratio (DPR) is 84.48%.
Key Philip Morris International News
Here are the key news stories impacting Philip Morris International this week:
- Positive Sentiment: Philip Morris delivered a strong Q2 beat, with revenue and EPS topping estimates on the back of smoke-free product growth, which supports the stock’s bullish case. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
- Positive Sentiment: Stifel and Needham both raised their price targets and kept buy ratings, signaling confidence that the company’s growth and margin trends can continue. Analyst price target raise coverage
- Positive Sentiment: BTIG upgraded Philip Morris to strong-buy, adding to the broader analyst optimism around the stock after earnings. BTIG upgrade coverage
- Neutral Sentiment: The company plans to increase spending to expand ZYN, which shows confidence in growth but also raises questions about near-term expense pressure. Philip Morris Ramps Spending to Grow Zyn Brand
- Neutral Sentiment: Some commentary argues the stock’s valuation is already rich, so even a solid quarter may not be enough to drive much more upside without continued execution. Philip Morris Q2: A Solid Quarter Isn’t Enough At This Price
- Negative Sentiment: Philip Morris trimmed full-year EPS guidance, which could limit enthusiasm despite the strong quarter and ongoing smoke-free momentum. Philip Morris Trimmed Guidance, But Its Growth Story Looks Unshaken
Wall Street Analyst Weigh In
A number of brokerages recently commented on PM. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday. Bank of America reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Morgan Stanley boosted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Needham & Company LLC upped their price target on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.
View Our Latest Stock Report on Philip Morris International
Philip Morris International Company Profile
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
Featured Stories
- Five stocks we like better than Philip Morris International
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.
